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Even a month ago, the global economy seemed poised to weather the U.S. sub-prime crisis with relative aplomb. But, suddenly, something approaching panic has gripped the world's financial community. The headlines are grim. The U.S. housing slump is worsening. Banking giants such as Merrill Lynch and Citigroup are posting record losses. The U.S. dollar is getting pounded by the British pound - and virtually every other currency. Oil has run up as high as $98 per bbl., and gold - the traditional doomsday investment - has topped $800, its highest level since the early 1980s...

Author: /time Magazine | Title: Bottom Dollar | 11/14/2007 | See Source »

...have been less willing to play along. Their frustrations with Latin America, and those of the rest of the developed world, were reflected just before the summit last week in a report by the Paris-based Organization of Economic Cooperation & Development. The OECD called the region's economic showing "sub-optimal," and said even its best performers continue "losing ground to their Asian competitors...

Author: /time Magazine | Title: Behind the King's Rebuke to Chávez | 11/12/2007 | See Source »

...days before Christmas, and Fred, having exiled himself from the North Pole, is now in Chicago working as a repo man, a sort of sub-prime-rate enforcer. He enrages the people whose holiday he's ruining and exasperates his meter-maid inamorata with big ideas never fulfilled, dinner dates blown off. Plying a Salvation Army scam, Fred lands in jail and is forced to call his brother Nick, a.k.a. Santa, to go his bail. That brings him to the North Pole, the prodigal son carrying a grudge as big as Santa's sack of gifts...

Author: /time Magazine | Title: The Claus That Won't Fly | 11/11/2007 | See Source »

...like this, and even a conscientious objector is hard pressed to emerge unmarked by an irrational conviction that things in this country are, in fact, bigger and better than they are at home.At the end of the day, some international students have it easy. Plenty of Harvard graduates from sub-Saharan Africa return home to make immense contributions to countries where their expertise is desperately needed. They may not tread the usual path to New York high society, but they leave college assured that they are making good on their education. In a sense, they transcend the usual expectations...

Author: By Adam Goldenberg, CRIMSON STAFF WRITER | Title: Just Say ‘No’ to NYC? | 11/7/2007 | See Source »

CORRECTION: A sub-headline accompanying the Nov. 7 news article, which was published in print as "HMS Doctors Linked to Scandal" and retitled online "Medical Device Companies Report Payments to HMS Doctors," incorrectly stated that medical device makers implicated in a federal investigation had been accused of illegally paying millions to Harvard doctors. In fact, the accusations did not specifically reference Harvard physicians, although the companies have listed financial ties to Harvard doctors among legally required disclosures...

Author: By Clifford M. Marks, CRIMSON STAFF WRITER | Title: Medical Device Companies Report Payments to HMS Doctors | 11/7/2007 | See Source »

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